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Board appointment

12 January 2009

BOARD APPOINTMENT AT FAIRBAIRN PRIVATE BANK

Fairbairn Private Bank is pleased to announce that David Stearn has been appointed to its board of directors. David has also taken up the role of head of business development following the retirement of Barry Besnard. These appointments took effect from 1 January 2009.

David joined Fairbairn Private Bank nearly ten years ago, following a 14-year career with Royal Bank of Scotland in the UK and Jersey. David holds a BSc (Hons) ACIB in financial services and is a fellow of the Securities Institute.

As head of business development at Fairbairn Private Bank, David will be responsible for the private banking teams in Jersey, the Isle of Man, London and South Africa, focusing on client relationships and meeting clients’ diverse banking and investment requirements. 

Greg Horton, managing director of Fairbairn Private Bank, commented: “Over the last 18 months we have undertaken a number of significant structural changes in support of our strong growth and expansionary plans.  I am delighted to see David’s continued development, which also coincides with his ten-year anniversary with the business later this year.  We have a close working relationship and I know that his time with the bank and his wealth of experience in financial services generally will be particularly beneficial in this challenging new role.”

Ends

For further information:

Janet Taylor or Lesley Allegro, Fairbairn Private Bank                Tel: +44 (0)1624 645000

Issued by:

Kara Hughes-Jones, Isle of Man Advertising and PR Ltd            Tel: +44 (0)1624 620440